Tempur Sealy Announces Pricing of $1.6 Billion Term Loan B Facility

Provided By PR Newswire

Last update: Oct 4, 2024

– Expects to use Term Loan B proceeds to fund the proposed acquisition of Mattress Firm

LEXINGTON, Ky., Oct. 4, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that it has successfully priced its previously announced senior secured Term Loan B facility in an aggregate principal amount of $1.6 billion (the "Term Loan B"). The Term Loan B will mature seven years after the date of closing of the Term Loan B, which is expected to occur in the next few weeks. The Term Loan B priced at SOFR + 250 bps with an OID of 99.5.